Latest Blockchain News: Finextra Research

Citi invests in blockchain-based trade finance network Contour

Citi has become the latest banking giant to take a stake in Contour, the blockchain-based trade finance platform which made its commercial launch last month.

18 February 2020

Company update/crypto

Mode picks BitGo custody tech for bitcoin banking app

Mode, the London-based fintech behind one of the UK’s most serious Bitcoin banking apps, has officially announced that it is working with BitGo, a leader in digital asset financial services.

18 February 2020

News/Blockchain

DTCC calls for industry-wide push to handle DLT security risks

The US Depository Trust and Clearing Corporation is floating the idea of forming an industry consortium to develop a coordinated strategy for addressing security risks in the implementation of distributed ledger technology in financial services.

13 February 2020

Company update/Blockchain

Additional participants join CLS’s DLT bilateral payment netting service

CLS, a market infrastructure delivering settlement, processing and data solutions, today announces that Actinver, BNP Paribas, Citibank and J.P. Morgan are live on CLSNet, a standardized, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform.

12 February 2020

News/crypto

BitPay partners Poynt to bring bitcoin payments to the streets

BitPay is trying to finally bring bitcoin to the streets, inking a deal with point-of-sales terminal maker Poynt to enable cryptocurrency payments at more than 100,000 retailers around the world.

12 February 2020

News/crypto

Canadian dollar-pegged stablecoin launches

A Toronto-based startup led by a former top TMX executive has launched a mass market Canadian dollar-backed stablecoin.

11 February 2020

News/Blockchain

Nacha applies blockchain tech to payment information exchange

US clearing house Nacha is to use blockchain technology to build Phixius, an online platform to ease the exchange of payment-related information between companies.

07 February 2020

News/Blockchain

Blockchain-based commercial payments firm Paystand raises $20m

Blockchain-enabled commercial payments outfit Paystand has raised $20 million in a Series B funding round.

06 February 2020

News/Blockchain

Axoni distributed ledger network for equity swaps processing goes live

Enterprise blockchain vendor Axoni and a group of 15 sell-side and buy-side firms have launched a distributed ledger network to manage equity swap transactions.

06 February 2020

News/payments

Square joins $14m funding round for cryptographic settlement startup Transparent

Transparent Financial Systems, a Seattle-based startup building cryptographic settlement technology has come out of stealth mode after raising more than $14 million in a Series A round led by Patnera Capital and joined by Square.

05 February 2020

Company update/Blockchain

Intermex taps Ripple for cross-border payments between the US and Mexico

Sending global payments should be easy and cost-effective. Yet, the underlying systems are complex and fragmented, leading to high foreign transfer fees and costly delays.

05 February 2020

Company update/Blockchain

UBS extends post-trade technology partnership with GBST

UBS in Australia has extended its partnership with global financial technology provider GBST to include the Syn~ post-trade automation platform.

05 February 2020

News/Blockchain

Envoy scores $13m to scale up blockchain trade finance platform

Blockchain-based supply chain and trade finance startup Envoy Group is looking to expand beyond Latin America after securing a $13 million investment from Alcedo Digital Ventures.

05 February 2020

Company update/Blockchain

Citi set for go-live on Cobalt post-trade network

Cobalt, the foreign exchange (FX) post trade infrastructure, has announced today that Citi intends to go live on its infrastructure for bilateral trading.

04 February 2020

Company update/Blockchain

Broctagon partners with Hashstacs in its integration with Singapore’s blockchain project

Singapore-based Broctagon Fintech Group has announced a partnership with enterprise blockchain technology provider, Hashstacs, to help bring blockchain in Singapore to more commercial usage.

04 February 2020

News/Blockchain

Baton Systems raises $4m for DLT-based bank payments tech

Baton Systems, a provider of DLT-based bank-to-bank payments middleware for connecting disparate ledgers - both on and off a blockchain - has topped up its recent $12 million funding round with an extra $4 million from VC Illuminate Financial.

30 January 2020

News/crypto

Landmark lawsuit sees bitcoin from ransomware attack frozen

A ransom payout of nearly £1 million in bitcoin lodged with Bitfinex has been frozen by the UK High Court in what is deemed a landmark case for the status of crypto assets.

30 January 2020

Company update/crypto

Coinbase names Google vet Surojit Chatterjee chief product officer

Today we’re announcing that Surojit Chatterjee is joining Coinbase as our new Chief Product Officer after spending 11 years at Google.

29 January 2020

Company update/Blockchain

Figures names former Coinbase COO Asiff Hirji as president

Figure Technologies, Inc. (Figure™), a leader in transforming financial services through the power of blockchain technology, today announced that financial services veteran Asiff Hirji has been named President and is already in place at the company’s headquarters.

29 January 2020

News/crypto

Indian central bank digital currency proposed

Indian non-for-profit organisation, the National Institute for Smart Government (NISG), has proposed a digital rupee in its draft National Strategy on Blockchain.

29 January 2020